BAKU, Azerbaijan, October 6. Oman and the
Eurasian Development Bank (EDB) have signed an agreement on the
conditions for the bank's presence in the Sultanate of Oman during
the state visit of Sultan Haitham bin Tariq Al Said to Kazakhstan,
in the presence of the Sultan and Kazakh President Kassym-Jomart
Tokayev, EDB said.
The document was signed by Oman's Minister of Finance Sultan bin
Salim bin Said Al Habsi and EDB Chairman of the Management Board
Nikolai Podguzov.
Oman will become the EDB's eighth shareholder and the bank's
first member state from the Gulf region, according to the EDB.
"The agreement is a step toward closer ties between Central Asia
and the Gulf region. We see significant potential here and will
develop this cooperation, including within the framework of the
Bank's new strategy," Podguzov said.
The agreement reflects Oman's and the EDB's interest in
long-term partnership, sustainable investment and the development
of regional economic ties, the bank said.
The EDB is a multilateral development bank investing in Eurasia.
As of the end of June 2026, its cumulative portfolio comprised 348
projects with total investments of $22.1 billion.
The bank's portfolio includes projects in transport
infrastructure, digital systems, green energy, agriculture,
manufacturing and mechanical engineering.
Under its 2022-2026 Strategy, the EDB is implementing three
mega-projects: the Central Asian Water and Energy Complex, the
Eurasian Transport Network and the Eurasian Commodity Distribution
Network.
